It’s quite interesting that nothing has happened to the stock price even though management has praised it as a dream deal, and Vesala also initially seemed to hint at a 30-50% upside potential. I’ve bought a bit more myself. I think it’s up a couple of percent.
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A couple of days ago, the company’s new commercial video was released https://www.youtube.com/watch?v=56vYs0N4GLQ
I say it’s great.
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Kauppalehti presented more clearly:\nReleases - Glaston
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Hopefully we’ll know on Friday.
I don’t quite get the share price development. The share price dropped, but revenue increased, but so did the number of shares. I can’t interpret the results from those calculations, nor do I have the energy to.
Could analyst Vesala make an easy-to-understand version / video for me/us?
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Share price calculated from the closing price on 29.5, assuming all subscription rights are used:
(2.01+1/6x5x0.89)/(1+5/6)=1.500909
The acquisition has already been completed, so there were no changes to the turnover in this regard. The number of shares and the balance sheet will increase with the offering.
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Analyst Vesola (not Vesala 
) states that the aforementioned calculation is correct. So the calculated price of the subscription right is 0.51 euros. When it comes to a rights issue (and not, for example, a directed issue), the subscription price of the share is irrelevant, as all shareholders are in the same boat. Here, only the combination a x b = 34 MEUR has been sought, where a is the quantity and b is the price. The company itself has only commented on the subscription price (0.89 euros) by saying that they wanted to give the subscription right a meaningful price to facilitate trading.
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Please help a helpless person, I almost wet my pants when the course dipped a little today.
So what should I do now so I don’t get a loss of 1000 shares; will I get a notification through the bank/broker or how are these rights sold or bought more?
I prefer the latter for my part.
Thanks in advance even though they put us in this mess.
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Documents for the Rights Issue:
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Thanks, Rauta
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The prospectus clarified the Heliotrope collaboration a bit:
- Equity investments and unsecured debt financing totaled approximately EUR 4.3 million.
- Glaston Emerging Technologies Oy’s ownership stake in Heliotrope is approximately 9%.
- Glaston owns the intellectual property rights to the design of the production lines.
- Global exclusive right to supply heat treatment machines for Heliotrope smart glass (the later of: 10 years or a certain amount, which is not clear from the prospectus).
- The equipment sales agreement also includes services related to the production lines.
- The final phase of testing is underway, with the first line order expected during 2019.
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The course dropped, but apparently I now own a bunch of subscription rights that I can subscribe to or sell? So maybe I’m not really at a loss, right?
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@erkki.vesola Hi Erkki Vesola! Now I got your name right.
I noticed that I probably now have the subscription rights on my book-entry account. When can I sell them and how? Is it just like normal? And if and when I’m still willing to finance an acquisition, when and how do I subscribe to those shares?!
It’s quite difficult for an average Joe.
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Hi, Glaston shares can be subscribed from June 5th at 19:30 to June 19th at 16:30. Subscription rights will be traded from June 5th at 10:00 to June 13th at 18:25, after which they will expire worthless. Regarding the execution of the order itself, I advise you to follow the instructions given by your account manager (bank etc.). Regards, Erkki
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Thanks, I’ll try to manage. You probably won’t comment on whether shareholders should subscribe to them, generally speaking, will you?
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Well, the only answer I can really give is that we have a positive recommendation for the stock.
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Are many people here going to wait until the last few days and follow the stock price before deciding to subscribe? I’ll probably follow for a few days to see what people think about this.
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I was thinking of marking it myself, but I’ll probably wait until the last few days.
The pricing of Glaston is interesting. The share price has dropped significantly since the announcement of the offering and seems to be at its lowest point of the year. There’s nothing unusual about the offering itself, and didn’t the anchor owners subscribe for over two euros? It just seems like there’s confidence there, and one would assume they were aware of the public offering’s specifications at that point.
It feels a bit like people are waiting to see what happens and if the offering succeeds or not. Lago Kapital seems to be a major seller, so I wonder if they have a view that the price will continue to fall 
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I’ve been a bit busy and haven’t really had time to familiarize myself with all the content, so at least for me, it feels quite confusing. I should probably figure out what everything means.
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Alright. I’m going to mark 
I’ve now read through the terms
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